Friday, October 28, 2011

Friday Apple Rumors — Samsung Is No. 1!

Here are your Apple rumors and news items for Friday: Samsung Trounces Apple in
Smartphone Sales: Apple (NASDAQ: AAPL ) shares took a hit Oct. 19 after the
company reported its third quarter earnings, chiefly because iPhone sales missed
analyst expectations. Selling 17.1 million iPhones just wasnt good enough for
Cupertino, Calif.'s most famous technology company. Now, Apple is taking a
more cosmetic hit. According to a Friday Reuters report, Samsung (PINK: SSNLF )
passed Apple as the worlds leading smartphone maker in the quarter that ended in
September. The companys phones accounted for nearly 24% of all smartphones sold
around the world , compared to the iPhones 16%. Still, iPhones remain vastly
more profitable than Samsungs phones . And Samsung itself announced some bad
news: While sales of its Google (NASDAQ:GOOG) Android-powered phones surged,
total revenue for the quarter was down year over year, sinking from around $4.4
billion in 2010 to just under $3 billion in 2011. Dont Get Directions from Siri
in California: Apples new voice-operated software Siri is a boon for iPhone
owners that dont feel like tapping on a screen to find out what the weather is
like outside. You also would think it would be a convenient tool for lost
drivers trying to find their way home. Provided that home is in the Golden
State, however, iPhone owners might be out of luck. According to Mercury News
(via 9 to 5 Mac ) its illegal to use Siri when behind the wheel in California .
It depends on how you use the app, though. While its legal to ask Siri for
directions if its already active, its illegal to press any buttons on the iPhone
to activate Siri or to read directions off of the devices screen. Nintendos
Business Continues to Crumble Due to Apple Sales : Video game maker Nintendo
(PINK: NTDOY ) reported its third-quarter earnings Wednesday, and the company
lost $926 million over the second and third quarters of the year . This is
compared to a loss of just $26 million during the same period in 2010. The
company is projecting its first annual loss in more than 30 years. While a
significant cause of Nintendos losses was the relative weakness of the dollar
the majority of Nintendos sales come from the U.S. the migration of consumers
from the companys portable gaming machine, the Nintendo DS, to Apples iOS
devices was another huge cause. Nintendo sold just 3.35 million of its latest
portable device, the Nintendo 3DS, over the period compared to Apples 17.1
million iPhones, 11 million iPads and more than 3 million iPod Touches all of
which provide much cheaper games. As of this writing, Anthony John Agnello did
not own a position in any of the stocks named here. Follow him on Twitter at

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...